The Boeing Company (NYSE:BA) Shares Sold by JB Capital LLC

JB Capital LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,525 shares of the aircraft producer’s stock after selling 81 shares during the period. JB Capital LLC’s holdings in Boeing were worth $232,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BA. Madison Park Capital Advisors LLC lifted its stake in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after acquiring an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in Boeing by 4.2% in the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after acquiring an additional 61 shares during the last quarter. IMS Capital Management lifted its stake in Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in Boeing by 0.9% in the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after acquiring an additional 65 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of Boeing stock opened at $150.98 on Friday. The firm has a market capitalization of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57. The company’s fifty day moving average price is $156.17 and its two-hundred day moving average price is $170.60. The Boeing Company has a 52-week low of $144.13 and a 52-week high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Analysts predict that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BA shares. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Stifel Nicolaus boosted their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna reduced their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.